harris corporation

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ¥ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended July 1, 2011 OR n TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-3863 Delaware (State or other jurisdiction of in<strong>corporation</strong> or organization) 1025 West NASA Boulevard Melbourne, Florida (Address of principal executive offices) HARRIS CORPORATION (Exact name of registrant as specified in its charter) 34-0276860 (I.R.S. Employer Identification No.) 32919 (Zip Code) Registrant’s telephone number, including area code: (321) 727-9100 Securities Registered Pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Common Stock, par value $1.00 per share New York Stock Exchange Securities Registered Pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes „ No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes No „ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes „ No Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes „ No Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. „ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. Large accelerated filer „ Accelerated filer Non-accelerated filer (Do not check if a smaller reporting company) Smaller reporting company Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No „ The aggregate market value of the voting common equity held by non-affiliates of the registrant was $5,760,729,154 (based upon the quoted closing sale price per share of the stock on the New York Stock Exchange) on the last business day of the registrant’s most recently completed second fiscal quarter (December 31, 2010). For purposes of this calculation, the registrant has assumed that its directors and executive officers as of December 31, 2010 are affiliates. The number of outstanding shares of the registrant’s common stock as of August 26, 2011 was 120,208,465. Documents Incorporated by Reference: Portions of the registrant’s definitive Proxy Statement for the 2011 Annual Meeting of Shareholders scheduled to be held on October 28, 2011, which will be filed with the Securities and Exchange Commission within 120 days after the end of the registrant’s fiscal year ended July 1, 2011, are incorporated by reference into Part III of this Annual Report on Form 10-K to the extent described therein.
Part I: Part II: Part III: HARRIS CORPORATION ANNUAL REPORT ON FORM 10-K FOR THE FISCAL YEAR ENDED JULY 1, 2011 TABLE OF CONTENTS Page No. ITEM 1. Business ....................................................... 1 ITEM 1A. Risk Factors .................................................... 18 ITEM 1B. Unresolved Staff Comments ......................................... 25 ITEM 2. Properties ...................................................... 26 ITEM 3. Legal Proceedings . . . ............................................. 26 ITEM 4. (Removed and Reserved) ........................................... 28 Executive Officers of the Registrant. ............................................ 28 ITEM 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities ....................................... 30 ITEM 6. Selected Financial Data ............................................ 33 ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations ...................................................... 34 ITEM 7A. Quantitative and Qualitative Disclosures About Market Risk ................. 57 ITEM 8. Financial Statements and Supplementary Data ........................... 58 ITEM 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure ...................................................... 96 ITEM 9A. Controls and Procedures. ........................................... 96 ITEM 9B. Other Information . . . ............................................. 96 ITEM 10. Directors, Executive Officers and Corporate Governance .................... 97 ITEM 11. Executive Compensation ........................................... 97 ITEM 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters . . ............................................. 98 ITEM 13. Certain Relationships and Related Transactions, and Director Independence. ..... 98 ITEM 14. Principal Accountant Fees and Services ................................ 98 Part IV: ITEM 15. Exhibits, Financial Statement Schedules ................................ 99 Signatures. ....................................................................... 107 Exhibits This Annual Report on Form 10-K contains trademarks, service marks and registered marks of Harris Corporation and its subsidiaries. Bluetooth» is a registered trademark of Bluetooth SIG, Inc. 7-Eleven» is a registered trademark of 7-Eleven, Inc. All other trademarks are the property of their respective owners.
Page 1 and 2: harris corporation 2011 annual repo
Page 3 and 4: more than ever Businesses and gover
Page 5 and 6: ealigned segments focus on strategi
Page 7 and 8: fiscal 2011 highlights 7.19.10 $97
Page 9 and 10: usiness segments at-a-glance fiscal
Page 11 and 12: oard committees 1 Audit Committee 2
Page 13: HARRIS CORPORATION 2011 FORM 10-K
Page 17 and 18: Communications Solutions, Healthcar
Page 19 and 20: Networking Wideband Waveform (“AN
Page 21 and 22: performance-driven business model,
Page 23 and 24: fiscal 2011, we were awarded a four
Page 25 and 26: including risks relating to our U.S
Page 27 and 28: We are a major developer, supplier
Page 29 and 30: Competition We operate in highly co
Page 31 and 32: in fiscal 2011, $721 million in fis
Page 33 and 34: Additional information relating to
Page 35 and 36: We could be negatively impacted by
Page 37 and 38: • We may experience declines in r
Page 39 and 40: The outcome of litigation or arbitr
Page 41 and 42: ITEM 2. PROPERTIES. Our principal e
Page 43 and 44: Norfolk County Retirement System on
Page 45 and 46: PART II ITEM 5. MARKET FOR REGISTRA
Page 47 and 48: The following table sets forth info
Page 49 and 50: (5) Results for fiscal 2007 include
Page 51 and 52: Government Communications Systems:
Page 53 and 54: Over the longer term, DoD budgets a
Page 55 and 56: fiscal 2009. See the “Interest In
Page 57 and 58: Fiscal 2011 Compared With Fiscal 20
Page 59 and 60: NETCENTS program. This revenue grow
Page 61 and 62: material issues with liquidity, alt
Page 63 and 64: time and from time to time during t
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aggregate principal amount of the d
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during fiscal 2011. As is customary
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effect on our statement of financia
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sufficient future taxable income, o
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ITEM 8. FINANCIAL STATEMENTS AND SU
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REPORT OF INDEPENDENT REGISTERED PU
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CONSOLIDATED STATEMENT OF INCOME 20
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CONSOLIDATED STATEMENT OF CASH FLOW
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NOTES TO CONSOLIDATED FINANCIAL STA
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ITEM 9. CHANGES IN AND DISAGREEMENT
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ITEM 12. SECURITY OWNERSHIP OF CERT
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(3)(a) Restated Certificate of Inco
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Company’s Quarterly Report on For
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*(10)(g)(i) Harris Corporation 1997
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*(10)(y) Harris Corporation Annual
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SCHEDULE II — VALUATION AND QUALI
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Name of Subsidiary HARRIS CORPORATI
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Exhibit 23 CONSENT OF INDEPENDENT R
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CERTIFICATIONS I, Gary L. McArthur,
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Exhibit 32.2 Certification Pursuant
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HARRIS CORPORATION 1025 West NASA B
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